XML 40 R31.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Real Estate Property Investments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Real Estate Property Investments |
Schedule of unaudited pro forma consolidated results of operations (in thousands, except per share amounts) |
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2015 |  | 2014 |  | 2015 |  | 2014 |
Revenues |  | $ | 651,095 |  | $ | 584,339 |  | $ | 1,305,449 |  | $ | 1,162,549 |
Net income (loss) |  |  | 171,653 |  |  | 226,327 |  |  | (61,945) |  |  | 493,999 |
Net income (loss) applicable to HCP, Inc. |  |  | 168,400 |  |  | 222,528 |  |  | (68,700) |  |  | 485,283 |
Basic earnings per common share |  |  | 0.36 |  |  | 0.48 |  |  | (0.15) |  |  | 1.06 |
Diluted earnings per common share |  |  | 0.36 |  |  | 0.48 |  |  | (0.15) |  |  | 1.06 |
Schedule of other real estate acquisitions (in thousands) | In addition to the RIDEA III acquisition discussed above, a summary of other real estate acquisitions for the six months ended June 30, 2015 follows (in thousands):
|  | Consideration |  | Assets Acquired(1) |
|  | Cash Paid/ |  | Liabilities |  | Noncontrolling |  |  |  |  | Net |
Segment |  | Debt Settled |  | Assumed |  | Interest |  | Real Estate |  | Intangibles |
Senior housing |  | $ | 178,888 | (2) | $ | 821 |  | $ | 3,885 |  | $ | 166,732 |  | $ | 16,862 |
Post-acute/skilled nursing |  |  | 178,707 | (2) |  | — |  |  | — |  |  | 151,663 |  |  | 27,044 |
Medical office |  |  | 377,351 |  |  | 12,851 |  |  | — |  |  | 349,650 |  |  | 40,552 |
|  | $ | 734,946 |  | $ | 13,672 |  | $ | 3,885 |  | $ | 668,045 |  | $ | 84,458 |
(1)Amounts include preliminary purchase price allocations which may be subject to change. (2)Includes £174 million ($254 million) of the Company’s HC-One Facility (see Note 7) converted to fee ownership in a portfolio of 36 care homes located throughout the United Kingdom (“U.K.”). A summary of real estate acquisitions for the six months ended June 30, 2014 follows (in thousands):
|  | Consideration |  | Assets Acquired |
|  |  |  |  | Liabilities |  | Noncontrolling |  |  |  |  | Net |
Segment |  | Cash Paid |  | Assumed |  | Interest |  | Real Estate |  | Intangibles |
Senior housing |  | $ | 215,381 | (1) | $ | 1 |  | $ | 6,321 | (2) | $ | 204,758 |  | $ | 16,945 |
Life science |  |  | 43,500 |  |  | 250 |  |  | — |  |  | 41,281 |  |  | 2,469 |
Medical office |  |  | 26,548 |  |  | 272 |  |  | — |  |  | 22,820 |  |  | 4,000 |
|  | $ | 285,429 |  | $ | 523 |  | $ | 6,321 |  | $ | 268,859 |  | $ | 23,414 |
(1)Includes £76 million translated into U.S. dollars. (2)Includes $5 million of non-managing member limited liability company units.
Schedule of capital improvements (in thousands) |
|  | Six Months Ended June 30,
Segment |  | 2015 |  | 2014
Senior housing |  | $ | 36,826 |  | $ | 13,717
Post-acute/skilled nursing |  |  | 2,492 |  |  | 2,533
Life science |  |  | 50,548 |  |  | 57,476
Medical office |  |  | 49,534 |  |  | 26,231
Hospital |  |  | 37 |  |  | 1,188
|  | $ | 139,437 |  | $ | 101,145

X
- Definition Tabular disclosure of the amounts of funding, during the period, for construction, tenant and other capital improvements by segment. + References No definition available. + Details
Name: | hcp_ScheduleOfCapitalImprovementsTableTextBlock
Namespace Prefix: | hcp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration